New issues continued to flood the high-yield market last week, amid strong demand.

"The market has held relatively well, considering what's been happening in Treasuries and in the stock markets," said Robert Glickstein, co-head of high-yield trading, research, and sales at PaineWebber Inc. "New issuers continue to access our market, and firms that have not previously been able to access it are finding a place there," Mr. Glickstein added.

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